Fundamentals of Cost Accounting Study Set 1
An Example of a Period Cost Is:
An example of a period cost is: A)fire insurance on a factory building. B)salary of a factory supervisor. C)direct materials. D)rent on a headquarters building.
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Prime cost consists of direct materials combined with: A)direct labor. B)manufacturing overhead. C)indirect materials. D)cost of goods manufactureD.Direct materials and direct labor = Prime costs.
Which terms below correctly describe the cost of the black paint used to paint the dots on a pair of dice?
A)Choice A B)Choice B C)Choice C D)Choice D
The cost of fire insurance for a manufacturing plant is generally considered to be a: A)product cost. B)period cost. C)variable cost. D)all of these.
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